PLASTERERS LOCAL UNION NO 9 HEALTH AND WELFARE TRUST (EIN 161534793) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

PAUL BROWN

Phone

7166909985

Tax Period

2024-04-01 to 2025-03-31

PLASTERERS LOCAL UNION NO 9 HEALTH AND WELFARE TRUST, founded in 1996, is a small nonprofit that reported $562K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $483K left a modest 14% surplus.

Mission

TO PROVIDE A HEALTH AND WELFARE BENEFIT PLAN TO MEMBERS OF PLASTERERS LOCAL UNION NO. 9.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $561,686

Investment Income $0

Other Revenue $0

TOTAL REVENUE $561,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,788

Fundraising Expenses $0

Program Expenses $482,915

Other Expenses $0

TOTAL EXPENSES $482,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$561,686	$856,882	-0.3%
Expenses	$482,915	$702,121	-0.3%
Net Income	$78,771	$154,761	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$19,583

Total Directors

$49,015

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BROWN	BUSINESS AGENT	2.00	Officer Director	$0	$1,422	$19,583
JOSHUA JOHNSON	PRESIDENT	2.00	Director	$6,730	$300	$7,030
JOSH CONROY	VICE PRESIDENT	2.00	Director	$2,000	$250	$2,250
ERIC BROWN	FINANCIAL SECRETARY	2.00	Director	$8,650	$0	$16,752
PAUL WHELAN	RECORDING SECRETARY	2.00	Director	$3,000	$400	$3,400

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$561,686	$482,915	$1,092,586	$78,771
2023	$619,809	$510,247	$859,054	$109,562
2022	$609,807	$606,463	$749,492	$3,344
2021	$615,895	$703,126	$746,148	$-87,231
2020	$889,994	$771,353	$833,379	$118,641
2019	$862,539	$814,832	$714,738	$47,707
2018	$599,575	$863,492	$667,247	$-263,917

PLASTERERS LOCAL UNION NO 9 HEALTH AND WELFARE TRUST